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Stocks · Consumer discretionary · Apparel & Other Finishd Prods of Fabrics & Similar Matl

LEVI STRAUSS & CO

LEVI Clue Score49
United States Fiscal year ends November CIK 0000094845
$18.70 -1.84% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $18.70 −23.61% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 21 Mar 2019. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue4,552.7Operating income462.2Net income291.1Fiscal year 2017Revenue4,904.0 +7.7%Operating income480.1Net income281.4 −3.3%EPS, diluted0.73Fiscal year 2018Revenue5,575.4 +13.7%Operating income540.4Net income283.1 +0.6%EPS, diluted0.73 +0.0%Fiscal year 2019Revenue5,763.1 +3.4%Operating income566.7Net income394.6 +39.4%EPS, diluted0.97 +32.9%Fiscal year 2020Revenue4,452.6 −22.7%Operating income−85.1Net income−127.1 −132.2%EPS, diluted−0.32 −133.0%Fiscal year 2021Revenue5,763.9 +29.5%Operating income686.2Net income553.5EPS, diluted1.35Fiscal year 2022Revenue6,168.6 +7.0%Operating income646.5Net income569.1 +2.8%EPS, diluted1.41 +4.4%Fiscal year 2023Revenue5,842.1 −5.3%Operating income354.4Net income249.6 −56.1%EPS, diluted0.62 −56.0%Fiscal year 2024Revenue6,032.0 +3.3%Operating income262.7Net income210.6 −15.6%EPS, diluted0.52 −16.1%Fiscal year 2025Revenue6,282.0 +4.1%Operating income677.6Net income578.1 +174.5%EPS, diluted1.45 +178.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 4,552.7 4,904.0 5,575.4 5,763.1 4,452.6 5,763.9 6,168.6 5,842.1 6,032.0 6,282.0
Growth +7.7% +13.7% +3.4% −22.7% +29.5% +7.0% −5.3% +3.3% +4.1%
Operating income 462.2 480.1 540.4 566.7 −85.1 686.2 646.5 354.4 262.7 677.6
Net income 291.1 281.4 283.1 394.6 −127.1 553.5 569.1 249.6 210.6 578.1
Growth −3.3% +0.6% +39.4% −132.2% +2.8% −56.1% −15.6% +174.5%
EPS, diluted n/a 0.73 0.73 0.97 −0.32 1.35 1.41 0.62 0.52 1.45
Growth +0.0% +32.9% −133.0% +4.4% −56.0% −16.1% +178.8%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin51.2%Operating margin10.2%Net margin6.4%Free cash flow margin4.5%Fiscal year 2017Gross margin52.3%Operating margin9.8%Net margin5.7%Free cash flow margin8.3%Fiscal year 2018Gross margin53.8%Operating margin9.7%Net margin5.1%Free cash flow margin4.7%Fiscal year 2019Gross margin53.8%Operating margin9.8%Net margin6.8%Free cash flow margin4.1%Fiscal year 2020Gross margin52.8%Operating margin−1.9%Net margin−2.9%Free cash flow margin7.6%Fiscal year 2021Gross margin58.1%Operating margin11.9%Net margin9.6%Free cash flow margin9.9%Fiscal year 2022Gross margin57.5%Operating margin10.5%Net margin9.2%Free cash flow margin−0.6%Fiscal year 2023Gross margin57.5%Operating margin6.1%Net margin4.3%Free cash flow margin2.1%Fiscal year 2024Gross margin60.6%Operating margin4.4%Net margin3.5%Free cash flow margin11.1%Fiscal year 2025Gross margin61.7%Operating margin10.8%Net margin9.2%Free cash flow margin4.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 51.2% 52.3% 53.8% 53.8% 52.8% 58.1% 57.5% 57.5% 60.6% 61.7%
Operating margin 10.2% 9.8% 9.7% 9.8% −1.9% 11.9% 10.5% 6.1% 4.4% 10.8%
Net margin 6.4% 5.7% 5.1% 6.8% −2.9% 9.6% 9.2% 4.3% 3.5% 9.2%
Free cash flow margin 4.5% 8.3% 4.7% 4.1% 7.6% 9.9% −0.6% 2.1% 11.1% 4.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow306.6Capital expenditure−103.0Free cash flow203.6Buybacks−2.6Dividends paid−60.0Fiscal year 2017Operating cash flow525.9Capital expenditure−118.6Free cash flow407.3 +100.1%Buybacks−25.1Dividends paid−70.0Fiscal year 2018Operating cash flow420.4Capital expenditure−159.4Free cash flow261.0 −35.9%Buybacks−27.1Dividends paid−90.0Fiscal year 2019Operating cash flow412.2Capital expenditure−175.4Free cash flow236.8 −9.2%Buybacks−3.1Dividends paid−113.9Fiscal year 2020Operating cash flow469.6Capital expenditure−130.4Free cash flow339.2 +43.2%Buybacks−56.2Dividends paid−63.6Fiscal year 2021Operating cash flow737.3Capital expenditure−166.9Free cash flow570.4 +68.2%Buybacks−85.9Dividends paid−104.4Fiscal year 2022Operating cash flow228.1Capital expenditure−267.1Free cash flow−39.0 −106.8%Buybacks−175.7Dividends paid−174.3Fiscal year 2023Operating cash flow435.5Capital expenditure−313.6Free cash flow121.9Buybacks−8.1Dividends paid−190.5Fiscal year 2024Operating cash flow898.4Capital expenditure−227.5Free cash flow670.9 +450.4%Buybacks−90.1Dividends paid−198.5Fiscal year 2025Operating cash flow529.6Capital expenditure−221.4Free cash flow308.2 −54.1%Buybacks−30.5Dividends paid−212.9
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 306.6 525.9 420.4 412.2 469.6 737.3 228.1 435.5 898.4 529.6
Capital expenditure −103.0 −118.6 −159.4 −175.4 −130.4 −166.9 −267.1 −313.6 −227.5 −221.4
Free cash flow 203.6 407.3 261.0 236.8 339.2 570.4 −39.0 121.9 670.9 308.2
Growth +100.1% −35.9% −9.2% +43.2% +68.2% −106.8% +450.4% −54.1%
Buybacks −2.6 −25.1 −27.1 −3.1 −56.2 −85.9 −175.7 −8.1 −90.1 −30.5
Dividends paid −60.0 −70.0 −90.0 −113.9 −63.6 −104.4 −174.3 −190.5 −198.5 −212.9

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash375.6Total debt1,006.3Net cash (debt)−630.7Shareholders’ equity509.6Debt to equity1.97Fiscal year 2017Cash633.6Total debt1,038.9Net cash (debt)−405.2Shareholders’ equity696.9Debt to equity1.49Fiscal year 2018Cash713.1Total debt1,020.2Net cash (debt)−307.1Shareholders’ equity660.1Debt to equity1.55Fiscal year 2019Cash934.2Total debt1,006.7Net cash (debt)−72.5Shareholders’ equity1,563.5Debt to equity0.64Fiscal year 2020Cash1,497.2Total debt1,546.7Net cash (debt)−49.5Shareholders’ equity1,299.5Debt to equity1.19Fiscal year 2021Cash810.3Total debt1,020.7Net cash (debt)−210.4Shareholders’ equity1,665.7Debt to equity0.61Fiscal year 2022Cash429.6Total debt984.5Net cash (debt)−554.9Shareholders’ equity1,903.7Debt to equity0.52Fiscal year 2023Cash398.8Total debt1,009.4Net cash (debt)−610.6Shareholders’ equity2,046.4Debt to equity0.49Fiscal year 2024Cash690.0Total debt994.0Net cash (debt)−304.0Shareholders’ equity1,970.5Debt to equity0.50Fiscal year 2025Cash757.9Total debt1,039.2Net cash (debt)−281.3Shareholders’ equity2,278.6Debt to equity0.46
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 375.6 633.6 713.1 934.2 1,497.2 810.3 429.6 398.8 690.0 757.9
Total debt 1,006.3 1,038.9 1,020.2 1,006.7 1,546.7 1,020.7 984.5 1,009.4 994.0 1,039.2
Net cash (debt) −630.7 −405.2 −307.1 −72.5 −49.5 −210.4 −554.9 −610.6 −304.0 −281.3
Shareholders’ equity 509.6 696.9 660.1 1,563.5 1,299.5 1,665.7 1,903.7 2,046.4 1,970.5 2,278.6
Debt to equity 1.97 1.49 1.55 0.64 1.19 0.61 0.52 0.49 0.50 0.46

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending November, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2009 29 Nov 2009 FY2010 28 Nov 2010 FY2011 27 Nov 2011 FY2012 25 Nov 2012 FY2013 24 Nov 2013 FY2014 30 Nov 2014 FY2015 29 Nov 2015 FY2016 27 Nov 2016 FY2017 26 Nov 2017 FY2018 25 Nov 2018 FY2019 24 Nov 2019 FY2020 29 Nov 2020 FY2021 28 Nov 2021 FY2022 27 Nov 2022 FY2023 26 Nov 2023 FY2024 1 Dec 2024 FY2025 30 Nov 2025
Margins
48.1% 50.4% 48.1% 47.7% 50.2% 49.4% 50.5% 51.2% 52.3% 53.8% 53.8% 52.8% 58.1% 57.5% 57.5% 60.6% 61.7%
9.2% 8.6% 7.1% 7.2% 9.9% 6.6% 9.6% 10.2% 9.8% 9.7% 9.8% −1.9% 11.9% 10.5% 6.1% 4.4% 10.8%
4.6% 5.3% 4.3% 4.2% 6.9% 3.2% 6.9% 8.9% 7.1% 9.0% 8.3% −4.3% 10.1% 10.5% 4.6% 3.6% 10.1%
3.7% 3.5% 2.9% 3.1% 4.9% 2.2% 4.7% 6.4% 5.7% 5.1% 6.8% −2.9% 9.6% 9.2% 4.3% 3.5% 9.2%
7.4% −0.2% −2.7% 9.7% 6.8% 3.4% 2.5% 4.5% 8.3% 4.7% 4.1% 7.6% 9.9% −0.6% 2.1% 11.1% 4.9%
Spending
38.9% 41.8% 41.1% 40.5% 40.3% 40.1% 40.6% 41.0% 42.5% 44.1% 44.0% 52.7% 46.2% 46.7% 49.6% 51.3% 50.5%
2.0% 3.5% 2.7% 1.8% 2.0% 1.5% 2.3% 2.3% 2.4% 2.9% 3.0% 2.9% 2.9% 4.3% 5.4% 3.8% 3.5%
20.6% 36.6% 33.4% 28.0% 29.3% 32.2% 32.4% 28.5% 18.4% 43.0% 17.3% n/a 4.6% 12.4% 5.9% 3.3% 20.8%
Returns
n/a n/a n/a n/a 133.5% 69.2% 63.4% 57.1% 40.4% 42.9% 25.2% −9.8% 33.2% 29.9% 12.2% 10.7% 25.4%
n/a 5.0% 4.2% 4.5% 7.3% 3.6% 7.3% 9.7% 8.4% 8.0% 9.3% −2.3% 9.4% 9.4% 4.1% 3.3% 8.4%
Balance and payout
n/a n/a n/a n/a 8.76 7.04 3.14 1.97 1.49 1.55 0.64 1.19 0.61 0.52 0.49 0.50 0.46
n/a 106.4% 104.6% 103.0% 93.2% 92.0% 86.1% 80.2% 75.3% 72.7% 62.9% 77.0% 71.8% 68.5% 66.2% 69.1% 66.7%
13.2% 12.8% 14.5% 13.9% 10.9% 28.3% 23.9% 20.6% 24.9% 31.8% 28.9% n/a 18.9% 30.6% 76.3% 94.3% 36.8%
6.5% n/a n/a 4.6% 9.6% 22.1% 47.6% 30.7% 23.3% 44.9% 49.4% 35.3% 33.4% n/a 162.9% 43.0% 79.0%